Evonik has acquired the Porocel Group, which has developed a technology for the rejuvenation of desulfurisation catalysts in a $210 million deal. This deal is scheduled to close by the end of 2020, subject to regulatory approval.
Executive board chairman Christian Kullmann commented: “This acquisition is the next logical step in the strategic development of our portfolio. Our focus is on stable and high-margin speciality chemicals.”
Japan’s DIC Corporation and its Sun Chemical subsidiary have agreed a strategic partnership with DuPont for degassing modules for water treatment. The aim is to double sales of these modules in industrial water treatment from the 2019 fiscal year to 2021. D
IC noted that its customers already often use its degassing modules in combination with DuPont water purification and separation products and technologies, such as ultrafiltration, reverse osmosis and ion exchange resins. This will further expand its service offer, the company said.
SOCMA has acquired the Specialty & Custom Chemicals show. We spoke to CEO Jennifer Abril to find out why
The US trade association SOCMA has purchased the Specialty & Custom Chemicals America show and made an industry event a key part of its offer for the first time in 15 years. There was a time, of course, when an industry event was basically what SOCMA did.
Mack Brooks Exhibitions, which is now part of Reed, has today announced the postponement of Chemspec Europe 2020, which was scheduled to take place at Messe Cologne on 11-12 November. The next event in the series will next place in its usual late spring slot, at Messe Frankfurt on 19-20 May 2021.
A digital event will take place during the planned November slot, for which details will follow. This will offer matchmaking facilities to conduct business meetings, plus webinars and further digital content.
Swiss-based CDMO Carbogen Amcis has announced two major expansion projects over the next four years at a cost of over €90 million. This follows six years of constant growth for the company, a subsidiary of the Dishman Group, and aims to address current market demand.
Univar Solutions, the world’s second largest chemical distributor, has announced its Streamline 2022 (S22) programme. This may lead to the sale of over $200 million in non-core assets and Univar will incur up to an incremental $50 million in charges in 2020 to implement it. The stated aims of S22 are to improve operational agility, drive faster sales growth, particularly in North America, reduce leverage to 3.0x by the end of 2021 and improve EBITDA margins to 9% by the end of 2022.
Clariant’s Biofuels & Derivatives business line has formed a strategic partnership with Chemtex Global to market its Sunliquid technology for second-generation biofuel projects in China. It will supply technology licences, technical services and starter cultures from its proprietary enzyme and yeast platform, while Chemtex will offer engineering, procurement construction services.
